Which statement describes Organizational Stakeholders?

Which statement describes Organizational Stakeholders?

• A. Customers
• B. All of the Firm's Employees; Are Directly Involved in the Process of Formulating and Implementing the Vision, Mission, and Strategy of the Firm
• C. Equity Shareholders
• D. Host Communities

Answer: (B)

Organizational stakeholders are the people inside the firm who participate in shaping and carrying out strategy. The option that describes all of the firm’s employees who are directly involved in formulating and implementing the vision, mission, and strategy best fits this idea. These employees are internal to the organization and are directly tied to both the creation of direction and the execution of it, so they have a strong stake in how the strategy unfolds and its outcomes. External groups like customers, equity shareholders, and host communities are stakeholders too, but they aren’t described as being directly involved in the internal process of formulating and implementing strategy.

Organizational stakeholders are the people inside the firm who participate in shaping and carrying out strategy. The option that describes all of the firm’s employees who are directly involved in formulating and implementing the vision, mission, and strategy best fits this idea. These employees are internal to the organization and are directly tied to both the creation of direction and the execution of it, so they have a strong stake in how the strategy unfolds and its outcomes. External groups like customers, equity shareholders, and host communities are stakeholders too, but they aren’t described as being directly involved in the internal process of formulating and implementing strategy.